The Senior Citizen’s Exemption - RPTL 467

For property owner(s) minimum age 65 by year end 2018 and whose gross income from all sources on the 2017 tax return (yes, the 2017 tax return) is less than $37,399.99, may be eligible for benefits on a sliding scale basis under this program. Applicants approved on the June 1, 2018 will receive these exemption benefits with taxes billed in April 2019. Unfortunately, the calculation of income does not allow for the deduction of medical expenses from gross income.

Proof of income along with the submission of an application must be received each year by the May 1 filing deadline. It is very important to note here that this exemption must be renewed each year.